Headwater Exploration Inc. (TSE:HWX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Headwater Exploration Inc. (TSE:HWX) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$9.54.

Separately, Desjardins lifted their price target on Headwater Exploration from C$8.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday, July 29th.

Headwater Exploration Stock Down 0.9 %

HWX stock opened at C$6.55 on Monday. The stock has a market capitalization of C$1.56 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58. Headwater Exploration has a 52 week low of C$5.88 and a 52 week high of C$8.57. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of C$6.85 and a 200 day moving average of C$7.27.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.22 earnings per share (EPS) for the quarter. The business had revenue of C$164.28 million during the quarter. Headwater Exploration had a net margin of 38.54% and a return on equity of 30.64%. Sell-side analysts forecast that Headwater Exploration will post 0.5944444 earnings per share for the current year.

Headwater Exploration Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 27th. This represents a $0.40 annualized dividend and a dividend yield of 6.11%. Headwater Exploration’s dividend payout ratio (DPR) is presently 51.28%.

Headwater Exploration Company Profile

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.